Russia's VTB slides on Western sanctions, market rises as impact priced in

July 30, 2014 8:10 AM

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MOSCOW (Reuters) - Shares in Russia's second-largest bank VTB slid over 3 percent at the start of trading on Wednesday, but the broader stock market rose as investors had priced in the impact of a new wave of Western sanctions.

Brussels and Washington announced new punitive measures on Tuesday, targeting Russia's energy, banking and defence sectors over what they say is Moscow's support for rebels in eastern Ukraine.

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